Insider Business New residential development at Aphrodite Hills

New residential development at Aphrodite Hills

Aphrodite Hills Resort’s new residential development – Ouranos Grand Villas – is on track. The project which falls under the overall design of Poseidon Grand Villas is built on the slope of Aphrodite Hills Resort.

It consists of seven independent two-storey four-bedroom villas and 8 semi-detached 2-bedroom 2-storey villas that are already under construction.

Hermes Sea View Villas, consisting of 14 independent houses – 9 two-storeyed and 5 ground floor – will be developed at a second phase as part of the same development.

The project’s owners believe that investing in the villas under construction is a good opportunity for Cypriot and foreign investors, since they are combined with the comforts of the well-known resort, which was named best European Golf Resort in 2018.

At the same time, Aphrodite Hills Holiday Residences offers services in the case any of the investments get to be rented out, while Aphrodite Hills Property Management undertakes maintenance, care and housing management.

The new project is built with attention to detail and with all units overlooking the sea. Some of their features include modern appliances, central air conditioning, underfloor heating system, private pool, and wooden and marble floors. Dwelling unit prices range from 920 thousand euros to 1.9 million euros.

As recently announced by the Commission for the Protection of Competition, Invel investment company intends to take over the entire share capital of Aphrodite Hills Resort Limited and Aphrodite Springs Public Limited.

Invel, who has been a key shareholder in the well-known tourist resort for several years now, appears ready to buy the shares owned by York Capital Fund and Lanitis Group (17%).

The company’s mid-term plans include the extension of the hotel unit through the construction of a new single 53-bed capacity building with a ground floor and five floors, the height of which will approximately be 22.25 metres.

The plot of land at which the proposed project will be erected is currently being used as a parking space for the service of the existing hotel unit of Aphrodite Hills Resort Ltd.

Read more:



Top Stories

Fine and sunny with temperatures slightly below seasonal average

  It will be a fine and sunny, with temperatures inland and in the mountains slightly below average for the time of year today and...

Biker killed on Vouni-Ayios Amvrosios road

  A 61 year old biker was killed in a road collision on the Vouni - Ayios Amvrosios road that occurred at 3.50 pm yesterday. Police...

Repatriates make 7 out of 8 new coronavirus cases reported today

Repatriates made 7 out of eight new coronavirus cases reported today by the health ministry out of a total of 1953 tests, raising the number...

It’s merciless-Major blaze near the Panayia Evangelistria chapel in Xylofagou

  It's been a very difficult day for the fire and forestry departments as more than a dozen fires broke out all over Cyprus. A major...

Second fire at Diorios-Kapouti area in north-6th front today

  A second fire has broken out in the Diorios-Kapouti area in the Turkish-occupied north, a week after a massive blaze caused major destruction in...


Fish meatballs

In a bowl, mix the finely chopped onion and parsley. Boil the fish, cut into small pieces and add to the bowl. Add salt...

“Frappe” Greek iced coffee

Frappé coffee (also Greek frappé or café frappé Greek: φραπές, frapés) is a Greek foam-covered iced coffee drink made from instant coffee (generally, spray-dried...

A guide of Summer fruits from Cyprus

Cyprus summer love! Cyprus summer fruits! So, what are the summer fruits which can be bought in Cyprus? Watermelon A Cypriot summer is not complete without...

Stuffed vine leaves with artichokes (Lenten)

Blanch the vine leaves in hot water. For the stuffing, finely chop the artichokes and the onions and sauté in olive oil until translucent....